Showing posts with label Numbers. Show all posts
Showing posts with label Numbers. Show all posts

Wednesday, January 17, 2007

Indian economy is 55.6% free

Heritage Foundation/WSJ's latest report on Economic Freedom says
India's economy is 55.6 percent free, according to our 2007 assessment, which makes it the world's 104th freest economy. Its overall score is 3.3 percentage points higher than last year, partially reflecting new methodological detail. India is ranked 19th out of 30 countries in the Asia–Pacific region, and its overall score is lower than the regional average.

India enjoys strong fiscal freedom, freedom from government, and monetary freedom. The top individual and corporate income tax rates are moderate, and overall tax revenue is not excessive as a percentage of GDP. Government expenditure is relatively low as well, although a significant amount of total tax revenue comes from state-owned businesses. Inflation is fairly low, but government price controls hinder market forces.
Click here to download the whole book.

Wednesday, December 20, 2006

Indian justice - delayed, but not denied, atleast to a few

Nothing new. Economist writes
Proceeding carefully is no doubt a virtue in justice, particularly in complicated terrorist trials. But the time taken for the final blow to fall from the gavel reflects blockages in the system. There are currently more than 30m civil and criminal cases pending. India has 11 judges for every 1m people, compared with 107 in America, so the backlog will not be cleared soon. Whether a case is seen through or neglected can seem rather arbitrary. Those who demanded justice for Miss Lal and Miss Mattoo proved more fortunate than many.
The government is so underactive here, because it's so overactive here

Tuesday, December 5, 2006

Tariff

FE reports:
Lavin also said, although India had lowered its peak tariffs to 12.5%, average tariffs at 34% were still very high. Moreover, there were some products on which duties were more than 100%. In comparison, the US had average customs duties of just 4%, he said.